The initial public offering (IPO) of logistics and last-mile delivery startup Shadowfax continued to see measured but consistent traction from investors, with the issue subscribed 67% as of Day 3, according to data available from stock exchange filings. While the subscription levels reflect growing interest, the overall response so far suggests a cautious stance from the broader market amid mixed sentiment around new-age tech listings.
Subscription Status Snapshot
By the third day of bidding, the retail individual investors (RIIs) category emerged as the key driver of demand. Retail participation crossed the fully subscribed mark, indicating confidence among smaller investors in the compan
...
